236,178 Shares in Teledyne Technologies Incorporated $TDY Purchased by Legal & General Group Plc

Key Points

• Legal & General Group Plc acquired 236,178 Teledyne Technologies shares worth approximately $157.5 million, giving it a 0.51% stake. Institutional investors and hedge funds collectively own 91.58% of TDY.
• Analysts maintain a generally positive outlook, with Teledyne receiving a consensus “Moderate Buy” rating and an average price target of $721.67. Recent firms raised their targets, including Stifel Nicolaus to $775 and Needham to $750.
• Teledyne reported quarterly EPS of $6.28, exceeding estimates by $0.49, while revenue rose 9.8% year over year to $1.66 billion. Shares opened at $633.88, near their 52-week high of $697.67.

Legal & General Group Plc acquired a new position in shares of Teledyne Technologies Incorporated (NYSE:TDY - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 236,178 shares of the scientific and technical instruments company's stock, valued at approximately $157,507,000. Legal & General Group Plc owned approximately 0.51% of Teledyne Technologies as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TDY. CX Institutional boosted its position in shares of Teledyne Technologies by 2.8% during the 2nd quarter. CX Institutional now owns 617 shares of the scientific and technical instruments company's stock worth $411,000 after acquiring an additional 17 shares in the last quarter. CENTRAL TRUST Co raised its position in Teledyne Technologies by 24.3% during the first quarter. CENTRAL TRUST Co now owns 92 shares of the scientific and technical instruments company's stock valued at $56,000 after purchasing an additional 18 shares in the last quarter. Assetmark Inc. lifted its stake in Teledyne Technologies by 10.5% during the first quarter. Assetmark Inc. now owns 190 shares of the scientific and technical instruments company's stock worth $115,000 after purchasing an additional 18 shares during the last quarter. Parvin Asset Management LLC lifted its stake in Teledyne Technologies by 12.5% during the first quarter. Parvin Asset Management LLC now owns 180 shares of the scientific and technical instruments company's stock worth $109,000 after purchasing an additional 20 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its holdings in shares of Teledyne Technologies by 2.5% in the 2nd quarter. Cresset Asset Management LLC now owns 830 shares of the scientific and technical instruments company's stock valued at $425,000 after purchasing an additional 20 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Weiss Ratings reissued a "buy (b)" rating on shares of Teledyne Technologies in a report on Wednesday, August 19th. Stifel Nicolaus raised their price objective on Teledyne Technologies from $750.00 to $775.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Zacks Research raised Teledyne Technologies from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 24th. Needham & Company LLC increased their target price on shares of Teledyne Technologies from $735.00 to $750.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Finally, Barclays raised their price target on shares of Teledyne Technologies from $614.00 to $640.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Teledyne Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $721.67.

Insider Buying and Selling

In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the sale, the director directly owned 55,783 shares of the company's stock, valued at $37,951,406.22. The trade was a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.36% of the stock is currently owned by corporate insiders.

Teledyne Technologies Stock Up 1.1%

Shares of TDY opened at $633.88 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.39 and a current ratio of 2.18. Teledyne Technologies Incorporated has a 52 week low of $483.02 and a 52 week high of $697.67. The stock has a market capitalization of $29.39 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 2.73 and a beta of 0.92. The stock has a fifty day moving average of $648.02 and a 200-day moving average of $641.63.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.79 by $0.49. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The business had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.58 billion. During the same quarter in the prior year, the firm earned $5.20 EPS. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. Teledyne Technologies has set its FY 2026 guidance at 24.450-24.650 EPS and its Q3 2026 guidance at 6.050-6.150 EPS. As a group, sell-side analysts anticipate that Teledyne Technologies Incorporated will post 24.69 earnings per share for the current fiscal year.

Teledyne Technologies Profile

Teledyne Technologies NYSE: TDY, headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.

The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.

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